Mirae Asset Global Investments Co. Ltd. Acquires 202,033 Shares of Flowers Foods, Inc. $FLO

Mirae Asset Global Investments Co. Ltd. bought a new stake in Flowers Foods, Inc. (NYSE:FLO) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 202,033 shares of the company’s stock, valued at approximately $1,121,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.10% of Flowers Foods as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. HB Wealth Management LLC lifted its position in Flowers Foods by 7.6% during the 1st quarter. HB Wealth Management LLC now owns 16,256 shares of the company’s stock worth $132,000 after acquiring an additional 1,155 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Flowers Foods by 3.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 43,305 shares of the company’s stock valued at $353,000 after acquiring an additional 1,300 shares in the last quarter. Sigma Planning Corp grew its position in Flowers Foods by 15.7% in the first quarter. Sigma Planning Corp now owns 12,801 shares of the company’s stock valued at $104,000 after acquiring an additional 1,735 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Flowers Foods by 129.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,457 shares of the company’s stock valued at $38,000 after acquiring an additional 1,949 shares in the last quarter. Finally, Kera Capital Partners Inc. raised its stake in shares of Flowers Foods by 5.6% during the first quarter. Kera Capital Partners Inc. now owns 37,728 shares of the company’s stock valued at $307,000 after purchasing an additional 1,985 shares during the period. 75.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Flowers Foods

In other news, insider Cindy Cox sold 4,400 shares of the firm’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $5.89, for a total transaction of $25,916.00. Following the completion of the sale, the insider owned 41,030 shares of the company’s stock, valued at approximately $241,666.70. This trade represents a 9.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.23% of the company’s stock.

Flowers Foods Trading Down 0.2%

NYSE:FLO opened at $6.70 on Monday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 25.76 and a beta of 0.38. Flowers Foods, Inc. has a one year low of $5.40 and a one year high of $12.18. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.57 and a current ratio of 0.77. The business’s 50-day simple moving average is $6.15 and its 200 day simple moving average is $7.93.

Flowers Foods (NYSE:FLO) last issued its quarterly earnings data on Thursday, August 20th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Flowers Foods had a net margin of 1.06% and a return on equity of 14.91%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the business earned $0.28 EPS. Flowers Foods’s revenue for the quarter was down 4.0% compared to the same quarter last year. Flowers Foods has set its FY 2026 guidance at 0.750-0.850 EPS. As a group, sell-side analysts predict that Flowers Foods, Inc. will post 0.80 earnings per share for the current fiscal year.

Flowers Foods Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were paid a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a dividend yield of 7.5%. The ex-dividend date was Friday, September 11th. Flowers Foods’s dividend payout ratio is 192.31%.

Wall Street Analysts Forecast Growth

FLO has been the topic of a number of recent research reports. Zacks Research cut shares of Flowers Foods from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 15th. BNP Paribas Exane decreased their target price on shares of Flowers Foods from $6.50 to $5.00 and set an “underperform” rating for the company in a research note on Wednesday, October 7th. Stephens lowered their price target on shares of Flowers Foods from $6.00 to $5.50 and set an “equal weight” rating for the company in a report on Monday, November 2nd. Weiss Ratings downgraded shares of Flowers Foods from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 16th. Finally, Jefferies Financial Group cut their price objective on shares of Flowers Foods from $7.00 to $6.00 and set a “hold” rating on the stock in a report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, Flowers Foods presently has an average rating of “Reduce” and an average price target of $6.70.

Flowers Foods Profile

Flowers Foods, Inc is a producer and marketer of packaged bakery foods in the United States. The company makes and distributes bread, buns, rolls, snack cakes, pastries, and other baked goods through a network of bakeries and distribution operations.

Its portfolio includes well-known brands such as Nature’s Own, Wonder, Dave’s Killer Bread, Tastykake, Canyon Bakehouse, and Mrs. Freshley’s. Flowers Foods sells products through grocery stores, mass merchandisers, club stores, foodservice distributors, convenience stores, and other retail channels.

Founded in 1919 and headquartered in Thomasville, Georgia, Flowers Foods serves customers across the United States.